Which documents do I need to submit for the tax treatment of my severance payment?
February 2, 2023 | 50,00 EUR | answered by Edith Hartmann
Dear tax advisor,
My name is Ralf Schröder and I have been working as an employee in a medium-sized company for 15 years. Due to a restructuring, I have been offered a severance package which I would like to accept. However, I am unsure about the documents I need to provide for the tax treatment of my severance package.
Currently, I have already received the severance package in writing from my employer and I am now facing the tax processing. I am aware that severance packages need to be treated for tax purposes and I want to handle everything correctly and properly in order to avoid any issues with the tax office.
My concerns mainly revolve around not knowing exactly which documents I need for the tax treatment of my severance package. I want to ensure that I can provide all necessary documents to correctly fill out my tax return and avoid any mistakes.
So my question to you is: What documents do I need to provide for the tax treatment of my severance package? Are there specific forms or documents that I need to correctly report the severance package in my tax return? I want to make sure that I do everything right and do not encounter any tax issues.
Thank you in advance for your help and support.
Best regards,
Ralf Schröder
Dear Mr. Schröder,
Thank you for your inquiry regarding the tax treatment of your severance payment. It is understandable that you may feel uncertain and want to ensure that everything is handled correctly and in compliance. I will be happy to assist you and explain what documents you need for the tax treatment of your severance payment.
In general, it is important to have all relevant documents and information ready for the tax treatment of your severance payment. The most important documents usually include:
1. The written severance agreement: This document contains all relevant information about the severance payment, such as the amount, the timing of the payment, and any additional benefits.
2. Payslips and tax certificates: These documents are important for accurately recording and taxing the amount of the severance payment.
3. Employer tax certificates: These certificates contain important information about taxes and social security contributions already paid.
4. All relevant bank documents: It is important to have all documents related to the payment of the severance and any transfers ready.
5. Any contracts or agreements with the employer: If there are additional rules or agreements related to the severance, these documents should also be provided.
There are usually no specific forms for the tax treatment of your severance in your tax return. You just need to provide all relevant information in the "Anlage N" of your income tax return and enter the corresponding amounts correctly.
I recommend carefully collecting all the mentioned documents and discussing them with your tax advisor if necessary to ensure that everything is accurately recorded. If you are unsure or have further questions, I am happy to help.
I hope that this information has been helpful to you. If you have any further questions, please feel free to contact me.
Best regards,
Edith Hartmann
